DIRECT TAX

Compact
Topic wise detailed index of DT book Compact
Chapter Question Bank
Chapter Start page Q.No/P.g No
No
1 Basic Tax Rates for A.Y 2025-26 & Alternate Tax Regime 01
2 Income from Capital Gains 01
3 Income from other Sources 02
4 Taxation of Dividend & Deemed Dividend 02
5 Taxation in case of Liquidation & Buyback 02
6 Taxation in case of Amalgamation and Demerger 03
7 Profits & Gains of Business or Profession 03
8 Income computation & Disclosure standards( ICDS) 04
9 Taxation of political parties & Electoral Trust 04
10 Taxation incase of firm & LLP 05
11 Taxation incase of AOP/BOI 05
12 Taxation of Business Trust 05
13 Taxation of Investment Fund 05
14 Taxation of Securitization Trust 05
15 Minimum Alternate tax (MAT) Sec 115JB 05
16 Alternate Minimum Tax (AMT) 05
17 Deduction U/s – 10AA (SEZ) 05
18 Deduction Under chapter – VI-A 06
19 Clubbing Income 06
20 Set-off & C/F of Losses 06
21 Advance Tax, TDS & TCS 07
22 Assessment Procedure 08
23 Appeals & Revision 09
24 Dispute Resolution Committee 10
25 Miscellaneous Provisions 10
26 Penalities & Procecution 10
27 The Black Money Act 2015 11
28 Equilisation Levy 11
29 GAAR 11
30 Taxation of VDA 11
31 Exempt Income 11
32 Tonnage Taxation 11
33 Taxation of Trust & Institution 11
34 Tax Audit & Ethical Requirement 12
35 Transfer Pricing 13
36 Non Resident & NRI Taxation 13
37 Double Taxation Avoidance Agreement (DTAA) 14
38 Advance Ruiling (BOAR) 14
39 Model Tax Conventions (MTC) 15
40 Application & Interpretation of Tax treaties 15
41 Base Erosion & profit sharing (BEPS) 15
42 Latest Developments in the International Taxation 15
43 Foregin Tax Credit Rule 16
44 Conversion of Foregin currency to Indian Currency 16
45 Remaining Case Laws & Concepts 16

Chapter 1 – Basics, Tax Rates AY 2025-26 & Alternate Tax Regime Question Bank

S no. Topics Pg.NO Q.No/P.G No

Tax Rates & Surcharges & Marginal Reliefs including Rebate.( Individuals, HUF, AOP, BOI,
1 1-8
Companies…etc)
115BAB- 5/4, 6/6,
Alternate Taxation Regime (i. (115BAA,115BAB,115BAC(other tan Body
2 9-14 115BAB- 8/16
Corporates),115BAE,115BB,115BBE,115BBF,115BBG,115BBJ) 115BAC- 4/2, 7/12
Application - 3/2
3 Application vs Diversion of Income 15-17 Diversion of Income- 2/1, 1/1
(1,2,3)/1, QB2 - 12/82

Page 1 of 16
 Chapter 2 – Income From Capital Gains Question Bank
S no. Topics Pg.NO Q.No/P.G No
1 Capital Asset Definition Including Urban Land & Types of Capital Asset 18-20
NR-(1/19),
2 Capital Gains in case of Non Resident (Rule 115A) & No Indexation for Bonds & Debentures 21 Bonus shares-(2/19)
Right shares (3/20)

Sec 55 Cost of Acquisition & Improvement ( Self Generated& Purchased), Bonus COA Before 01/04/01 -(4/21)

3 Shares(before/after 01/04/2001) & Right Shares. (cost of Improvement for goodwill or any 22
intangible assets is always Nil)
Sec 45(2) -(5/22)
Sec45(2) Conversion of Capital asset to stock in trade & vice versa, Sec 45(5) - (6/24),(8/25)
4 23-25 Claims of Insurance -(7/24)
Sec45(5) Compulsory Acquisition under Law( Including Instalment compensation ), Sec 45(5) Case Law Balakrishna -(27/44)
Insurance claims for the Damage & Destruction of the Property Sec 45(1A)
5 Sec45(5A) : Capital Gains on Joint Development Agreement. 26 Sec 45(5A) JDA - (9/26)
Capital Gains in Case of Transfers in Partnership firm & Partnership firm- 36/52
6 27-32
Sec45(2A) Transfer of Shares in D-MAT -FIFO
7 Taxation in case of Insurances i.e. ULIP's, Normal insurance ,Life Insurance etc,, 33-36
Section 50AA ; Capital Gain in case of Sale of Debt MF & MLD & Unlisted bonds Sec 50C-(10/27)
Sec 50B- ((11,12)/(28-30))
Sec 50B Slump Sale &
Sec 51 & 54F (13/32)
8 Sec 50C SDV Treated as Full value of consideration & 37-40
Sec 50CA FMV of Unquoted shares
Sec 51 Advance Money Forfeited (Token Money)
Sec 47 ( (14,15,16,17,18) / (34-36) )
9 41
Sec 47 Transactions Not Treated as Transfer(Exempted), Sec 47A With drawal of transfer

Different types of transfers & conversions and their notes like amalgamation,Demerger, stock
10 41-46
lending scheme, reverse mortgag e, consolidates plan & schemes etc… & also cost of
Acquisition incase of Transactions coverd in section 47
11 Segregated portfolio or side pocketing. 47 37/54
Exemptions(54/54EC,54D,
Sec 54 Series Exemptions in Capital Gains - Section 54, 54B, 54D,54EC, 54F,54G,54GA,54H, 54,54/54F,54,54G,54C/54EC)
12 48-54
Exemption for AP. -(19-25)/ (37-43)
Exemption 54EC Case LAW- 28/44
13 Sec 55 COA Before/after 01/04/2018 56 33/50

14 Tax Rates for Capital Gains Sec 111A, 112A, 112 55-60 112A-( (28,29,30,31) /(45-48) )

15 ESOP 26/43

16 Capital Gain on Sale of Depreciable Asset 32/49

17 Loan taken under Mortgage Deed (33,34)/50

18 Capital Gains Calculations 35/51, QB2- 14/8

Chapter – 03 – Income from Other Sources Question Bank

S no. Topics Pg.NO Q.No/P.G No
1 List of Incomes Taxable under IFOS. 61
Sec 56(2)(x) - 1/58,2/59,3/60,4/61,5/62,
Sec 56(2) Taxation of Gift & Relative Definition. - Adequate/Inadequate consideration 50,000 6/62,10/66,11/67
2 61-64
lmit, Shares under Reconstruction scheme. Combination of( 50C,56(2)(x),49(4))-
7/63,8/63,9/65
3 Relative Definition 64

4 Sec 43CA SDV treated as a sale Consideration , Compensation on termination of Employee & 65

5 Sec 57 Allowable Deduction Like Family Pension , compensation(50%)..etc 65

6 List of Expenses Not allowed Sec 58. 66
7 Non Applicability of Sec56(2)(x) & its inclusion 63
8 Case Laws Manju & co & Dr Ranjan Pai 66

Chapter – 04 – Taxation of Dividend & Deemed Dividend Question Bank

S no. Topics Pg.NO Q.No/P.G No
1 i. Sec8 Taxability of Deemed Dividend (Final, Deemed & Interim ). 67
ii. Sec 2(22)(a) Distribution of Any Assets, Debentures, Deposit certificates, On Liquidation, Sec 2(22)e 2/68,3/68,4/68

2 Reduction of Share Capital, loans or Advances of Closely held. (i. IFSC dividend not taxable in 67-69
Hands of SH's)
3 Iii. Sec 80M Deduction inrespect of Intercorporate Deposit 69-70 Dividend & 80M - 1/68

Chapter – 05 –Taxation incase of Liquidation & Buy Back Question Bank

Page 2 of 16
S no. Topics Pg.NO Q.No/P.G No
1 Taxability in the hands of the COMPANY & SHARE HOLDER umder Liquidation 71 Liquidation-1/71
2 i. Taxation of Buy Back of securities other than the shares of Domestic company. 71 Buy Back-2/72

3 ii.Buy Back Incase of Domestic company (Listed as well as Unlisted) till 30th Sept 2024. 72-75

4 iii. Buy Back Taxation for Domestic company W.E.F 1st Oct, 2024. 75
5 iv. Buy Back Rules 40BB 72
6 Redemption of preference shares amouunts to Buy Back.

Chapter – 06 –Taxation in Case of Amalgamation & Demerger Question Bank

S no. Topics Pg.NO Q.No/P.G No
1 i. Definition of Merger - 75% Minimum 77
2 ii. Demerger Meaning Sec 2(19AA). (Revaluation Ignored) 78 Demerger-1/74,2/75

3 Taxation of share holder 78

Iii. Sec 94(8) Bonus Striping Transactions & Sec 94(1) Bond Washing Transaction & Sec 94(7)
4 79-81
Interest Striping Transactions

Chapter –07- Profit & Gains From Business or Profession Question Bank
S no. Topics Pg.NO Q.No/P.G No

i. Charging Section 28 & Transaction Not Deemed to be Speculative Transactions. (Heding ,

1 Forward, Trading inn derivatives & Commodity Derivatives are not Speculative.) & Margin Money 82
Deposit for the Assesse Business… int on that taxed in the PGBP Not in IFOS.

2 Agricultural Income (Tea) PGBP & Agri Incom - 6/82

Taxation is tobe based on nature of business of entity as mentioned in MOA Example Let out
2 83
of Property. (Note 3)
ii. Sec 30 Rent Rates & Taxes Repairs & Maintainance of Building. & Sec 32 Depreciation (Block Sec 32 -1/77,2/78,3/80,4/80,5/82
3 83-86
can be Nil But Never be negative)
4 Depreciation Rates 84

5 iii. Depn in case of amalgamation & Demerger -Ratio of No of Days & Sec 32(1)(iia) Add Depn. 87

6 Sec 32(1)(iia) Additional Depreciation 88

7 Sec 43(1) Actual Cost in specuial cases 89-90
Depreciation for Power Generating( SLM) & Depreciation for the asset not exclusively used
8 91
for the Business
iv. Sec 32(2) Unabsorbed Depreciation &
9 Grant or Subsidy Treated as Income Taxed in PGBP. 92
Treatment of Interets on loan taken for qcquiring asset
Sec 33AB- 7/83,8/85
10 92-93 Total Income Including 33AB- 35/112
v. Sec 33AB /33ABA withdrawal from NABARD
Sec 35 -9/87,
Section 35 Sceintific Research (Inhoused & Donation Taken) & its conditions U/S 35(2AB) Sec 35ABB -10/87
11 94-96
Sec 35ABB Expenses for Obtainig Telecommunication License.(Depn Under Sec 32 Not allowed
in case of Tele License.)
Agriculture Extenstion sec 35CCC & Sec 35D- 11/88
Sec 35CCD Skill Development &
Sec 35D Preliminary exp & (Section 35D 5 Equal Installments.)
12 97-98
Sec 35DD Amalgamation & Merger &
Sec 35E Mining of Coal Limstone /iron/zinc etc.. &
Sec 35DDA Voluntary Retirement scheme
Sec 35AD -12/89,13/89
Sec 35 AD Sepecified Business. (No Depn U/s-35AD & If Asset sold entire sale price taxable
13 99-101
as PGBP & Loss of Specified Business settoff againts specified business only & Land Goodwil,
Financial Intrumenst no Deduction & Assets Atlest used for 8yrs.)
iv. Certain deduction u/s 36 Premium for stock & Federal MIlk society , employee Health
insurance premium, Bonus or commision , Interest on Loan , Discount on ZCB, Employees
14 contributions ESI, PF etc..., Pension scheme U/S 80CCD(14%), Animal Used in the Business, 102-108
Bad debts & Bad Debts Recovered (41(4)).(Provision for Baddebts for Bank Indian 8.5%/10% or
Foregin or Rural 5%.)
v. Deduction under section 36 :Like Sec36(1)(x) Family Planing Exp, u/s 36(1)(ib) Helath Sec 36(1)(viia)-15/92
insurance premium, 36(1)(ii) Bonus or commison Sec 36(1)(viii) -17/93
15 102-107
Security Transaction Tax / Commodity Transaction Tax (STT/CTT) ,
Transfer to Specific Reserve, Purchase of Sugar Cane. etc...

Page 3 of 16
 vi. Allowabliliby of some exp Gift to Emp allowed, CA CPE seminar , Puja exp, Exp on
buyback,bonus , debt , loan, Cash Embazzelment, Key man Insurance Premium , Breach of
Revenue contract....All are allowed.
16 Expenses which are not allowed Advt political party, Dividend, Defered tax provision, 107-108
diminition on asset, loss of subsidy, uncertain liability, IPO/FPO/Right share(Capex),
Registration fees, TAX, Int & Penality of Direct Tax(Subject to 43B), Freebees to Doctor (Illegal),
Int on laon taken for payment of Income tax, Retrench ment compensation on close of entire
business (CAPEX), Excess salary to Director(Excess part disallowed)
17 Corporate Social Responsibility (CSR) - Not Allowed 107
Sec 40 - Amount Specifically Not Deductable
Sec 40(a)(i) - Payment to Non Resident
18 109-110
Sec 40(a)(ia) - Payment to Resident
Exception to above
Sec 40(a)(iib) - Royalty, feets etc charged by state Govt
19 Sec 40(a)(iii) - TDS on salary payable outside India or NR 110
Sec 40(a)(v) - Tax on Non Monetary Perquisites

20 Sec 40A(2) Payments to Specified persons 111-112

Sec 40A(3) Cash Payment > 10,000 to a single person in a single day & Excepetion Rule 6DD
Section 40A(7) Provision for Gratuity ( disallowed) Sec 43B-19/95,33/108
21 113-114
Sec 43B Expenses allowed on payment basis

22 115
Sec 43A & 43AA - Asset Acquired Foregin country & Taxation of Foregin Exchange Fluctuation
Sec 41 Deemed income - Sale of Scientific research, Recovery of baddebts, Recovery already Sec 41(1)- 21/98
23 115-116
claimed , Balancing charging ….
24 Sec 44AA - Maintainance of Books & Penality u/s-271 A 25,000 117
25 Sec 44AB - Compulsary Audit of Books & Penality U/s-271B 118
sec 44AD -22/99,23/99,
Sec 44ADA- 24/99,
26 Presumptive Taxation ( U/s - 44AD,44ADA,44AE & Presumptive for Non Resident) 118-121 Sec 44AE -25/103
Sec 44B-26/104
SEC 44BBA -27/103,28/14
Sec 44c - Taxation of Branches of Foregin Company - Head office Expenses Sec 44C-29/105
27 122
Sec 44DA Royalty & Technical Fees to Non Resident
Sec 44A- 30/106
28 Sec 44A Special provision for Trade or Profession or similar Association (Mutual concern) 123

Sec 32 & 36(1) -16/92

29 Case Laws Int on Debentures - 31/106
Sec 30-37 -18/93
PGBP Computation- 20/96,34/109,
36/112,37/116,38/116,39/120,40/124
30 Computation of PGBP with all (28-44) 41/127,42/131,43/134,44/136,45/139
47/147,46/144
Master quetion with all adjustments - 48/151

Chapter –08- ICDS Question Bank

S no. Topics Pg.NO Q.No/P.G No
1 ICDS -I- Accounting Policies 125
2 ICDS -II- Valuation of Inventories 125-126
3 Section 145A Method of Accounting in Certain Cases 126
4 ICDS -III- Construction Contracts & ICDS IV- Revenue Recognition 127
5 ICDS -V-Tangible Fixed Assets 128
6 ICDS -VI-Effects of Foregin Exchanges & Forward Exchage contracts 129
7 ICDS -VII-Govt Grants 130
8 ICDS -VIII-Securities 131 ICDS - 32/107

9 ICDS -IX-Borrowing Cost 132

10 ICDS -X-Contingent Liabilities & Contingent Assets 133

Chapter –09- Taxation of Political Parties & Eletoral Trusts Question Bank
S no. Topics Pg.NO Q.No/P.G No
1 Sec 13A - Income of political Parties 135 13A - 1/164

2 Sec13B- Income of Eletoral trust 135 13B-2/165

3 Sec 80GGB / Sec 80GGC Donation to political party & Eletoral trust 135

Page 4 of 16
 Chapter –10- Taxation of Firm & LLP Question Bank
S no. Topics Pg.NO Q.No/P.G No
1 Tax Rates for Firm & LLp 136
2/166
2 136 -137
Sec 40(b) Payment of Interest , bonus , commission or Remuneration & its Explanation
3 Sett off & Carry forward of Losses U/s - 78 137
Conversion company to LLP- 4/169,
conversion including Total income computation -
4 Change in constitution, succession of firm, Joint & several liabilities of partners 138-139
6/172

167( c) - 1/166
5 167( c), 189 firm dissolved or discountinued 139
189- 3/168,7/177
6 Total Income computation of Firm 5/170

Chapter –11- Taxation of AOP/BOI Question Bank

S no. Topics Pg.NO Q.No/P.G No
1 Tax Rates U/s - 167B 140
2 Sec 67A Method of computing members shares in income of AOP / BOI 140 AO/BOI- 8/177

3 Rebate to Members - U/s - 86 & Interest to Members 141

4 Total Income of AOP/BOI 9/179

Chapter –12- Taxation of Business Trust Question Bank

S no. Topics Pg.NO Q.No/P.G No
1 Taxability in the Hands of Trust (Reit/invit) & Taxability in hands of Unit Holder 143 Business Trust -1/181,3/182,4/186

2 144
Sec 56(2)(Xii) Specified sum Received by the unit holder from BT During the P.Y is Taxable
3 Transfer of Shares SPV to Business Trust - Not a Capital Gain 145

Chapter –13- Taxation of Investment Fund Question Bank

S no. Topics Pg.NO Q.No/P.G No
1 Category- I-investment fund - Investment in startups 146
2 Category-II-investment fund - Investment in Equity & Debt Instruments 146
3 All Incomes in Investment fund except PGBP are Exempt U/s- 10(23FBA) 146 Total Income calculatio - 2/183,5/188
All Incomest from Investment fund taxable in the hands of unit holder except PGBP -U/s-
4 146
115UB
5 Losses Incurred by Investment Fund 147

Chapter –14- Taxation of Securitisation Fund Question Bank

S no. Topics Pg.NO Q.No/P.G No
1 All Income from the Securitaisation activity exempt U/s- 10(23DA) 148
2 TDS Requirement in Securitaisation Trust U/s-194LB 148
3 Common Note for Business trust, Investment fund, & Securitaisation Fund 148

Chapter –15- Minimum Alternate Tax (MAT) Question Bank

S no. Topics Pg.NO Q.No/P.G No
1 Secton 115JB- MAT & Non Applicability of MAT 149 5/194

2 PART -1 -MAT Adjustments & format of calculation- For All Companies 150-151 MAT - 1/189, 2/190
MAT & Interest 234B- 3/191
MAT Foregin company has brach in india - 6/195
PART -2 -MAT Adjustments & format of calculation- Incase of Ind As company In adddition to the MAT for Ind As co - 7/196
3 152-153 MAT - IFSC - 8/197
Part 1 (U/s-115JB(2A) 115JB(2C))
MAT - Ind As - 9/201

4 Sec 115JAA MAT CREDIT & Relief 10RB-U/s 115JB(1) 154-155

5 Total Income computation 4/192

Chapter –16- Alternate Minimum Tax (AMT) Question Bank

S no. Topics Pg.NO Q.No/P.G No
1 Secton 115JC- Income tax Payable calculation & Format & Adjustments 156
2 AMT Credit U/s-115JD 156
3 Not Applicable to 115BAC, BAD, BAE 157

Chapter –17- Deduction U/s-10AA (SEZ) Question Bank

S no. Topics Pg.NO Q.No/P.G No

Page 5 of 16
 Sec 10AA- 1/205
Sec 10AA & AMT - 2/206
Sec 10AA & AMT - 3/208
1 Sec 10AA Provisions & Export profit calculation & Deemed Income 158
IFSC Benefits - 4/210
Sec 10AA & AMT & 35AD - 5/211
Sec 10AA & AMT & Firm - 7/214
2 Non Applicability of Section 10AA & Items whicch are not considered in Turnover 159

Chapter –18- Deductions U/C- VI-A Question Bank

S no. Topics Pg.NO Q.No/P.G No
1 Payment Related Deductions - Section 80C Specified Investments 161 Sec 80C- 1/218
Sec 80C,80CCC,80CCE - 2/219
2 Section 80CCC Contributions , 80CCD Contribution to NPS (80CCD(1),80CCD(2)) 162
Sec 80CCD - 3/220
3 Sec 80CCE (80C+80CCC+80CCD(1))-Restricted to 150,000 162
4 Sec 80CCH - Contribution to Agnipath (80CCH(1),80CCH(2),10(12C)) 163
Sec 80D- Medical Insurance premium, preventive health check up SEC 80D - 4/221
Sec 80DD - Medical Treatment & Maintainace of Handicaped dependant Relative Sec 80DD - 5/222
5 164
Sec 80D, 80dd, 80GG - 9/226
Sec 80DDB- Medical Treatment for Specified Diesease
Sec 80E Higher education interest Sec 80E - 6/222
Sec 80EE - Interest on Housing Loan Sec 80EEA,EEB - 7/222
6 165
Sec 80EEA- Interest on Housing loan ( Other than 80EE)
Sec 80EEB - Interets on Eletrical vehicle Loan
Sec 80G- Donations sec 80G, GGC & Sec 80C & 80D - 8/224
Sec 80GG - Rent Paid of House property (HRA Not Recorded)
7 166-167
Sec 80GGA - Scientific Research or Rural Development
Sec 80GGB/GGC - Donation to Political Party or eletoral trust
Income Based Deduction Sec 80JJAA- 10/227
Sec 80JJAA - Deduction on New Employee Joining
8 168-169
Sec 80JJA- Income from Biodegradable waste
Sec 80LA - Offshore banking unit /IFSC
Sec 80IAC- new start ups
9 170
Sec 80IBA - Developing & Building Housing Projects
Sec 80P - Cooperative society Sec 80P- 18/236
Sec 80PA- Producer companies
10 171-172
Sec 80QQB- Royalty on bOoks of literature, artistic, scientific research
Sec 80RRB- Royalty on Patent
11 Case Laws 173 14/233, 15/234, 16/234, 19/236
Sec 80TTA -Interets on Saving Account From Bank , cooperaive bank & post office
12 173
Sec 80TTB - Interest on deposits from bank cooperative society, post office
13 Sec 80IA- 80IE - 100% Deduction for the Selected businesses 175 Sec 80IAC - 12/231

14 Combination of all Deductions 11/229, 13/231

Chapter –19- Clubbing of Income Question Bank

S no. Topics Pg.NO Q.No/P.G No
1 Sec 64(1A) - Income of Minor child 176
Sec 64(1)(IV)- 1/238, 7/241
Deemed owner - 5/240.
2 Sec 64(1)(vi) - Asset Transer to Sons Wife 176
Deemed owner - 6/241
Accreation of Income - 64(1)(vi) - 8/242
Sec 64(1)(viii)- 3/239
3 177
Sec 64(1)(vii/viii) - Asset Transer to any person for the benefit of spouse/son's wife
Sec 64(1)(ii)- 2/239, 9/242
4 177
Sec 64(1)(ii) - Income of a spouse from a concern where assessee has substantial interest
5 Sec 60- Income Transfer without transfer of asset 177
6 Sec 61 -Revocable transfer of asset 177
7 Sec 64(2) - Asset Transfer to HUF 177

8 178
Income includes Losses & Clubbing applicable , clubbing not apply to second generation
9 Cross Gifts Note - 5 178 Cross Transfer- 4/240

Chapter –20- Setoff & Carry forward of Losses Question Bank

S no. Topics Pg.NO Q.No/P.G No
Intra Head - 6/248
1 179
Sec 70-Intra head Adjustments - Exceptions Loss of Speculative, specified, LTCL,Race horces

Page 6 of 16
 Sec 71-Inter head Adjustments - Exceptions Loss of Speculative, specified, LTCL,Race Sec 71 - 4/246, 5/247, 7/248, 8/249
2 179
horces,STCL & Carry forward not allowed
3 Carry forward period table 180
4 Secction 78(2), 78(1) change in the constitution of firm 1/243,10/250
Sec 79 - Carry forward & settoff of losses in case of certain companies(Gift of shares, chage in Sec 79 - 3/245
4 181
shareholding)
5 Sec 79A -No set off of losses consequent to search, requisition & survey 182
6 Carry forward & setoff of Losses in case of Amalgamation, Demerger, Succession 183 Total Income Amalgamation - 2/243

7 Deemed InOCME U/S-72A & Stock and commodity market 184-185

Chapter –21- Advance Tax , TDS & TCS

S no. Topics Pg.NO Q.No/P.G No
Advance Tax Provisions ( including Relief U/s- 89)
1 186
Payment of Advance Tax - A.O - Sec 210
2 Interest U/s - 234A,B,C 186 U/s- 234A - 1/252
Interest for Reassesment/ assessment U/s 147
SEC 234D - Interest on Excess Refund
Sec 234E - Fees for default in filling TDS/TCS Returns
3 Sec 234F- Default in Furnishing Return of Income 186-187
Sec234H - Default in Linking Pan &Adhar
Other Defaults
4 Sec 234A - Interest on refund 189
5 Sec 206A - Higher Rates if Does not furnishes PAN 190
U/s -192 - 2/253, 3/254
U/s - 194IA, 194H, 194B,192 - 29/272
6 Sec 192 Salary 191 206C, 192 - 40/282
U/s- 194LB, 194H,192A, 194IA,- 42/284
U/s -192, 194I, 194O - 47/290
7 Sec 193 - TDS on Interest on Securities > 50,000 191
8 Sec 194 - Dividend paymnet 192
Sec 194A- Interest Other than interest on Securities ( Deposits >40,000/50,000)) & Not U/s-194A - 4/294, 5/255, 6/256
9 192
Applicability
Sec 194B - Winning from Lottery U/s- 194B- 7/256
10 194 U/s - 194IA, 194H, 194B,192 - 29/272
Sec 194BB- Winnig from Horses U/s -194BB- 194IB - 31/276

11 194-196
Sec 194BA - Winning From online games, First Withdrawal , Subsequent withdrawal etc..
U/s- 194C- 8/257, 9/257 , 10/258
U/s - 194C & 194H - 12/258
U/s- 192, 194C,194J - 22/266
Sec 194C - Payment To Contracters, Payment for Transportation of GAS,
12 197 U/s - 194C,194J - 23/267
Japan AirLines Co Ltd/Singapore Air Lines LTD U/s-197A, 195,194M,194C - 41/283
U/s- 194C, 194I, 194LA - 30/274
U/s -195, 194H, 194E, 194C- 44/287
U/s - 194IA, 194H, 194B,192 - 29/272
Sec 194D Insurance Commission U/s -194D, 194J - 33/277
TDS Case Law U/s-194H- 36/279
13 Sec 194G - Commission on sale of Lottery Tickets 198
U/s- 194LB, 194H,192A, 194IA,- 42/284
Sec 194H -Commission & Brokerage U/s -195, 194H, 194E, 194C- 44/287
U/s- 194IA, 194H, 206C(1H) - 46/290
14 194DA - Maturity of Insurance Policy 200
U/s -194J, 194E, 206C(1) - 28/272
15 Sec 194E - Payment to NR/ NR Sport person 200
U/s -195, 194H, 194E, 194C- 44/287
U/s- 194I - 13/259
16 Sec 194I - Rent of P & M , Equipment, Building, Furniture & Land ( > 240,000) 201 U/s- 194C, 194I, 194LA - 30/274
U/s -192, 194I, 194O - 47/290
U/s- 194IB- 15/261
U/s - 194IA, 194H, 194B,192 - 29/272
U/s -194BB- 194IB - 31/276
17 Sec 194-IA - transfer of immovable property (other than rural Agricuture Land ) 202
U/s- 194Q, 194J, 194IA - 45/288
U/s- 194P, 194IC,194Q, TCS - 43/285
U/s- 194IA, 194H, 206C(1H) - 46/290
U/s- 194J - 16/261 ,17/262
U/s -194J, 194E, 206C(1) - 28/272
18 Sec 194J - Fees for Professional Service or Technical Service 203
U/s -194D, 194J - 33/277
U/s- 194Q, 194J, 194IA - 45/288

Page 7 of 16
 Sec 194K -Income from UTI or Mutual Fund
U/s- 194M- 18/262
Sec 194LA - Compensation on Compulasary Acquisition of Immovable Propert U/s- 194C, 194I, 194LA - 30/274
19 Sec 194M - Work pursuant to contract, commision, brokarage , fees for professional Service 204-206 U/s-197A, 195,194M,194C - 41/283
Sec 194N- Cash Withdrawal from bank , co.op bank, post offic U/s- 194LB, 194H,192A, 194IA,- 42/284
U/s -192, 194I, 194O - 47/290
Sec 194O- ECO (Sales of Goods/Services )
-Open Network for Digital Commerce (ONDC)
U/s-194P - 19/263
U/s -194Q & 206C(1H) - 24/268
20 208 U/s -194Q- 37/280
Sec 194P- TDS by bank incase of senior citizen.
U/s- 194P, 194IC,194Q, TCS - 43/285
Sec 194Q- Purchase of Goods > 50 Lakhs U/s- 194Q, 194J, 194IA - 45/288

Sec 194R - Any Benefit or Perquisite wheather converted into money or not, aring from Business
21 210
or profession
Sales Discount, Cash Discount, & Rebates , Free Samples valuatuion of benefit or perquisite
U/s -194C, 194I, 192,194LB - 27/270
U/s -195A & 203 - 34/277
Sec 194LB - Interest from Infrastructure Debt Fund
U/s-197A, 195,194M,194C - 41/283
Sec 194LC - Interest on money borrowed in foregin currency under loan agreement U/s -195, 194H, 194E, 194C- 44/287
Sec 194LD - Interest on RDB of Indian company or GOVT securities, or Muncipal debt securities U/s- 194P, 194IC,194Q, TCS - 43/285
22 Sec 196A - TDS on Income inrespect of Units 213-214
Sec 196B - Tds on Income or LTCG referred in U/s- 115AB
Sec 194C- TDS on Interest or Dividend or LTCG on Bond or GDR U/s- 115AC
Sec 196D - TDS on Income( interest/ Dividend) U/s- 115AD
Sec 195 - Any sum Payable to foreginer
23 Interest U/s -201(1A) - Late deduction & Late Payments 216 U/s- 201(1A) - 20/265

Misc PROVISIONS - TDS Return Fees - 21/266

U/s -195A & 203 - 34/277
Sec 197- Lower deduction certificate &
U/s-197A, 195,194M,194C - 41/283
197A- Declaration 15G,
24 214-216
DUE dates of TDS assessee in default &
TDS Return Fees & Sec 203 - TDS shall furnish payye a certificate
Sec 239A - Refund for Denying Liability to Deduct Tax in Certaina Cases
Case Laws - Sun outsourcing solutions private limited , pioneer overseas coorporation ltd, TDS
25 218
rates incase of Non filers, Air India, BDR finvest,
U/s -194J, 194E, 206C(1) - 28/272
U/s -206C(1)- 32/276
TCS - 206C(1) - sale of goods TCS - 35/278
26 219
206C - 38/280
tendu leaves, timber& other forest produce , alcholic, scrap, Mineral being coal , liginite, iron
U/s- 194P, 194IC,194Q, TCS - 43/285
ore 206C, 192 - 40/282
Sec 206C(1G) - Remittance of money more than 7 Lakhs under LRS
27 220
Sale of Overseas tour programme package (OTPP)
U/s -194Q & 206C(1H) - 24/268
28 Sec 206C(1H) - Sale of Goods (other than export & covered in 206C(1)/(1F)/(1G)) 222
U/s- 194IA, 194H, 206C(1H) - 46/290
Misc Provisions - Time of collection of TCS & Interest on late payment & if collecteee does not
29 223
have PAN
30 TDS Demand & Interest TDS Demand - 25/269
U/s- 192, 194B,194I, 194G, 194BB- 26/269
31 Combination of All
32 Case Law - 206AA- & Bharatho Airtel 48/291, 49/292

Chapter –22- Assessment procedures

S no. Topics Pg.NO Q.No/P.G No
U/s- 139(1) - 1/294, 2/295, 4/296 ,6/297, 7/297,
1 Sec 139(1) Filling of Return of Inocome(ROI) ( Normal return ) - 5 Points 224
8/298, 9/298 , 29/308
2 Due Date of Of Return of InCOME 225
3 Centra Govt Exemptions for the Non Residents for ROI Sec 139(1C) 225
Section 139(3) - Loss Return Loss Return - 3/295
Sec 139(4) - Belated Return Revised Return - 5/296
4 225-226
Sec 139(5) - Revised Return
Sec 139(9) - Defective Return
5 Other ROI - Trust, Political Parties , Certain Institutions 227
Sec 139A - PAN, Application for PAN & Cases where it is used , Penality for Non compliance & PAN - 10/298
6 228
Sec 139AA - Aadhar Number

7 230
FORM 60 Requirement fo rth eForegin company enters into transactions in the IFSC Bank Unit

Page 8 of 16
 Sec 139AA - Aadhar Number TRP 139B - 11/299
Sec 139(8A) - Updated Return - 32/311, 34/313
Sec 139B - Tax Return Preparer
Sec 140A - Self Assesment - 33/312
Sec 139C- Annexure - LESS ROI
8 231-232
Sec 140 - Verification of Return
Sec 140A - Self Assesment
Sec 139(8A) - Updated Return
9 Cases where Updated return cannot be Submitted 234
10 Computation of Additional Tax Incase assess furnished the Return Earlier 235
U/s- 119 Power - 12/299
11 237 131 power IT - 14/300
Income Tax Authorities & Its Powers U/s- 133A- Power to Suvey - 15/301
U/s- 124 - 13/300
Serch & Seizers - U/s -132 Search & Seizure - 16/301, 17/50, 18/301,
12 242-244
Search Procedures for search & Seizure 19/301, 20/302

Sec 132B - Application of Books of A/c'S & Assets Seized (Money, Bullion, jewellary & other
13 244
Valuable assets ) case Law- Hemanth kumar sidhi &others
14 Sec 142(2A) - Special Audit & Inventory Valuation 245 U/s- 142(2A) - 21/303, 22/303

15 Sec 142A- Referresnce to Valuation Officer 245

Sec 143(1) - Processing of Return 143(1) intimation - 23/305
143(3) scruitiny assessment - 24/305, 25/306
Sec 143(2) - Notice of Scrutiny of Return
144 Best judge assessment - 26/306
Sec 143(3) - Order of Scrutinity Assessment
16 246-248
Sec 144 - Best Judgement Assessment
Sec 144A- Power of J.C to Issue Direction
Sec 144B - Faceless Assessment
17 Sec 144C- Referrence to Dispute Resolution Panel 254 144C DRP- 27/307, 28/308

Sec 145 (1) - Method of Accounting

Sec 145(2) - ICDS
18 Sec 145(3) - Discretionary Best Judgement Assessment 254-255
Sec 145A Method of Accounting in certain Cases
Sec 145B - Tax liability in Certain Income
19 Sec 147 - Reopening of Cases 255
20 Sec 148 - Issue of Notice 255

21 257
Sec 149 - Time Limit for Issueing Notice U/s - 148 & 148A & Unlimited time to Issue Notice
22 Sec 154 - Rectification of Mistake 259 154 Rectification - 30/310, 31/310
Sec 156 - Deemed Notice& Sec 156A - Modification and Revision of Notice in certain Cases &
23 259
Protective Assessment

24 261
Time Limit for completion of Assessment - SECTION 153 Series & Extended period
25 Sec 158BA - Total Income as a Result of Search (Raid) 263
26 Sec 158BB- Computation of Total Inocme of Block Period 265
Undisclosed income of the any person & Sec 158BE Time limit for completion of Block
27 266
Assessment
28 Sec 158BFA - Levy of Interest and Penality in certain Cases 267

Chapter –23-Appeals & Revision Question Bank-2

S no. Topics Pg.NO Q.No/P.G No
1 Sec 246(1) - Appeals order before JC(A) & Sec 246A - Appeals Order Before CIT(A) 268 Power of CIT- 10/320, 16/325
ITAT- 2/316
Power of ITAT - 3/317
Stay Demad - 7/318
2 268
U/s -254 -Rectification - ITAT- 4/318
Appeals to ITAT - Section 252-255( Stay of Demand ) - Section 154 & Rectification U/s- 254
154 - 15/324
Appeal Filling fees SEC 253(4) - Cross Objections - 12/322
3 Differences b/w Power of JC or CIT or ITAT 270
4 Appeals to High Court & Supreme court 271 Appeals
Revision 264- 8/319
Revision 263 - 9/319
5 Sec 263 Revision of Order prejudice to Interest Revenue , 273
Sec 264, 263 - 14/323
Sec 264 revision of Other Order Sec 263 - 18/326
Avoiding Repetative Appeals, Identical Question of Law Pending befor HC/SC , Sec 268A- 6/318
6 275
Sec 268A- special provision to appel for Dept,
Case Laws - (Genpact, Pruthvi Broker, Ritha sabapathy , Earnest Export , meghalaya steel , sunil Prithvi (Additiional Claim) - 1/316
7 vasudeva , AA Estate, spinacom, fortaleza Developers , Reliannce Telecom, SAP Labs , Idustria 275-277
Development bank (IDBI),

Page 9 of 16
 8 Substantial Question of Law 5/317
143(3), 263, 272A, 254 - 11/322
9 Appeals 263, 264, 249 - 13/322
10 Doctraine of Precedent 17/325

Chapter –24-Dispute Resolution Committee Question Bank-2

S no. Topics Pg.NO Q.No/P.G No
1 Constitution of Dispute Resolution Committe (Sec 245MA(1)) (DRC) 278 Need of DRC- 1/327
Application - 2/327
2 Application for DRC & Orders by CBDT 278
Appeal - 3/328
3 Persons Not eligible for Resolution 278-279
4 Procedure followed by DRC 280
5 Sec 245MA (2A) - Effect of DRC order by AO 281

Chapter –25-Miscellaneous Provisions Question Bank-2

S no. Topics Pg.NO Q.No/P.G No
sec 269 SS Mode of Taking or Accepting Loans or deposits > 20,000 & Ammended limit Sec 269SS, ST - 1/329
200,000 Sec 269ss- 2/330
1 282
Sec 271D - Penality
Sec 269 ST - Mode of Undertaking Transactions > 200,000
2 Not Applicability of 269ST 282
Penality 271 DA
Sec 269SU - Acceptance/Payment through eletronic mode
3 284
Sec 269ST - Repayment of Loan/Deposit/Advance
Deemed Income - Undisclosed Income Sec 69C- 3/330, 5/331
Sec 69D-4/330
Sec 68 Cash Credit
Sec 69 Unexplained Income
4 Sec 69A - Inexpanied Money , Asset etc.. 285-286
Sec 69B - Amount of Investment etc.. Not fully disclosed in the books of accounts
Sec 69C - Unexplained Expenditure
Sec 69D - Amount Borrowed/ repaid on Hundi
Misc Provisions 281B - 7/332
282 service of Notice - 8/332
CertainTransfer to be Void - sec 281
281B- 9/333
Sec 281B - Provisional Attachment of property 288 Authoraised representative - 10/333
5 287-290
Sec 285B - Statements by Producers of Films or persons engaged inspecific activity Sec 292B- 11/334
Sec 285BA - Statement of Financial Transactions(SFT) or Reportable Account
292B - Returns , orders notices
271FA - 6/331
6 Sec 271FA - Penality for Incorrect info in SFT 289
SFT - 16/336
7 Annual Information system -AIS , Proceeding to be Valid 289
Case Laws -
8 291
Siva Kumar , Thirump International Finance, Muthoot Financers
9 Recovered by TRO 14/336, 15/335

Chapter –26-Penalities & Procesutions Question Bank-2

S no. Topics Pg.NO Q.No/P.G No
Sec 221(1) - Failure to pay self asseeement, Demand of Tax , TDS ,TCS Sec 271A , 271BA, 272 - 1/338
Sec 271AAB - 6/335
Sec 271A Failure to maintain Books
Sec 271AA & 271G - Transfer Pricing Documents Related
1 292
Sec 271AAB - Undisclosed Income Found In search
Sec 271AAC - Deemed Income U/s-68 to 69C
Penality for False entry or Ommision , Any Trust ,
Sec 271A , 271BA, 272 - 1/338
seC 271 B - Failure to Audit U/s- 44AB Sec 271B- 2/338
Sec 271BA - Transfer pricing audit report not furnishes - u/s-92E Sec 271C- 4/339
2 292 Sec 271BA- 5/340
Sec 271k - Certificate to Donor U/s-30 or 80G
Sec 271C- Failure to deduct TDS or ensure payment of tds u/s- 194B,194R, 194S, 194BA

Sec 270A- Penality for Under reporting or Mis reporting Of Income Sec 270A- 9/343
3 293
(First Assessment/ Reassessment )
List of Cases Involving Mis reporting
4 295
List of Cases Not in the Scope of 270A
5 Sec 273A - Waiver of Penality 295 Waiver of Penality - 3/339
Prosecution - 10/344 , 11/345, 12/345, 13/346
6 Prosecution Under Income Tax 296

Page 10 of 16
 Case Laws -
7 297
Bhavecha, DK shivakumar, US technologies International, AT- Dev Prabha

Chapter –27-Black Money Act 2015

S no. Topics Pg.NO Q.No/P.G No
1 Sec 3 Charging section 298+
Value Of Undisclosed Assets - Sec 3(2)
Bullion, jewellary etc…,
2 Unquoted/Quoted shares & Securities 299
Unquoted Equity
Immovable Property
3 Asset transferred before Valuation Date Rule 3(2) 302 3/347,
Sec 4 - Scope of Total Undisclosed foregin income & Asset 1/347, 2/347, 4/348, 5/348, 6/348
4 303-304
Sec 5 - Computation of Total undisclosed foregin income & Asset

Chapter –28-Equalisation Levy

S no. Topics Pg.NO Q.No/P.G No
1 Sec 163 - Extent , Commencement & Application 304
Sec 165 - 1/353
Sec 165 Charge of Equlisation levy on special cases -
2 304 Sec 165 - 2/353
Sec 165A- ECO Se Eq Levy Misc - 4/354
3 Non Applicability of Equilisation Levy 304
Sec 166- Collection and Recovery of equilisation levy on special services > 100,000
4 304
Sec 166A - On ECO
Interest & Penalities - 3/353
Section 171-176 - Penality for Failure to Deduct or Pay equilisation levy , Processing return,
5 Rectification of Mistake, late filling, appeal to ITAT, Punishment for False information 305-306
Frnishing of statement
processing of statement
6 Sec 40(a)(ib) - of IT Act - Non Compliance of the Provisions of equilisation Levy 306

Chapter –29- GAAR

S no. Topics Pg.NO Q.No/P.G No
Tax Planning & Evasion - 1/355, 2/355, 11/357
Tax Planing , Tax Avaidance , Tax Evasion & Tax Management
1 308 GAAR- 3/356, 5/357, 6/357, 7/357, 8/358, 9/359,
General Anti Avoiance Rules (GAAR) - Its Applicability 10/359
Sec 96 Impermissible Avoidance Agreement (IAA)
2 309
List of Transction with Lack of Commercial Substance
3 Consequences of IAA, Power to treat IAA 310

Chapter –30- Taxation of VDA

S no. Topics Pg.NO Q.No/P.G No
Sec 115BBH - Tax on Income from VDA (Applies from A.Y 2023-24) 194S- 1/361
List which is not VDA Tax Calculation - 2/361, 3/362, 4/363
1 313
Sec 194S - TDS on Payment of VDA
CBDT Guidelines-
2 TDS not applies on GST & Commission 314
194Q no applies if 194S is Done etc….,

Chapter –31-Exempt Income

S no. Topics Pg.NO Q.No/P.G No
Agriculture Incmoe - Section 10(1)
Special Rules for Tea, coffee, rubber
1 Partial Integration incase of agriculture income 316-317 1/364, 2/365, 3/365, 4/365, 5/365, 6/366,
RULE - 8D - Expenditure relating to Exempt Income
kribhco Case Law

Chapter –32-Tonnage Taxation

S no. Topics Pg.NO Q.No/P.G No
Sec 115VG - Computation of TONNAGE INCOME 1/368 & 2/369
1 318
Qualifying ship & Taxable Income Calculation

Chapter –33-Taxation of Trust & Institution

S no. Topics Pg.NO Q.No/P.G No

Page 11 of 16
 1 Sec 2(15) - Charitable Purpose Definition & CBDT Clarification on Receipts >20% 319 Sec 2(15) - 1/371, 2/372
Sec 11(1)- income of Charitable or Reigious trust-
Explanation 4 - Corpus - 5/374
Explanation -1 - If 85% of income could not be applied in Current F.Y
Application Explanation 4 - 6/374, 7/374
Explanation - 2 - Any Amount donated other than 12AA, 12AB or 10(23C) - is Application
Explanation- 3A - Temple, mosque, gurdwar, church received money then it is Treated as
2 319-321
corpus if some conditions meet
Explanation 4 - Amount Applied out of corpus fund not treated as Application
Explanation -5 - Excess Application not allowed to C/F and Set-off
Sec 11(2) - 7/124, 8/124, 9/124,10/124 ,
3 Sec 11(2) - Exemption if income accumulated for specific purpose 85% Income Not applied 322
Sec 11(3) - Withdrawal of Exemption sec 11(2) , if following conditions not met
4 Sec 139(9) - Denial of Exemption if Return not filed 322
Sec 11(4)/(4A) - Business Income of Trust,
Sec 11(5) - Safe Investment mode for Trust
5 323
Sec 11(6) - Dep is not allowed
Sec 11(7) - Exemption u/s-10 not applicable
6 Sec 12A - Conditions for Applicability of Sec 11 & Sec 12 324
Registration Trust U/s - 12AB -w.ef - 01.04.2021 Registration Trust - 3/373, 4/373, 26/393

- Exiting Trust
-Fresh Registration of Trust
7 - Provisional Registration of trust 325
- TrUST Registered U/s-12AB
- Trust Modification in Objects
- Trust Registration becomes Inoperative due to Sec 11(7)
8 Sec 12AB - Procedure for Registration 325
9 Sec 13(1)- Denial of Exemption Sec 11 & 12 326
Sec 11(1A)- Capital gain Deemed to be Applied on for Charitable Purposes Sec 115BBI - Tax onSpecial Income - 12/377,
Sec 13(10) - Calculation of Income In Certain Violation 27/394
10 327
Sec 10(23C) - & Sec 13(3) - 25/292
Sec 115BBI - Tax onSpecial Income
11 Sec 115BBC - Tax on Anonymous Donation Received 328 115BBC - 11/376
Sec 10(23C) - Income of Certain universities , Hospitals Educational Institutions, Medical Sec 10(23C) - 13/377,14/377
12 329 Sec 10(23C) - & Sec 13(3) - 25/292
Institutions (>50% of Total Receipts & 5 Crores limit)
Tax on Accreted income of Trust - EXIT TAX
13 Sec 115TD - Tax on Accreted Income 330-331
Sec 12AC - Exit Tax not Apply incaseof Merger
Sec 115TD (5)- Exit Tax to be Paid to CG within 14 days Sec 115TD (5)- Exit Tax- 22/387, 23/388, 24/390
14 332
Interest for Non Payment & Deemed Assesse default
Rule 17CB - Calculation of FMV of Assets
15 Quoted / Unquoted shares , Immovable Property Business undertaking , any other asset & 333
Liabilities
15/378, 17/378, 18/379, 19/382, 20/384,21/385,
16 Computation of Income of Trust
17 Capital Gain of Trust 16/379

Chapter –34-Tax Audit & Ethical Requirement

S no. Topics Pg.NO Q.No/P.G No
Sec 44AB - Tax Audit Requirement Sec 44AB applicability - 1/408
Non Applicability of Sec 44AB Turnover computation adopt 44AD- 2/409
1 335 Form 15CB - Failure to examine Invoices - 7/413
Penality for the Non compliance
Computation of Turnover
Case study 1- Non Deduction of TDS Disallowance -
396
Case Study 2 - Expenditure >10,000- 399
Case Study 3 - Errors in Form 10CCB & withdrawal
report- 401
2 Tax Audit Report U/s- 44AB - 3CA/3CB & 3CD 356 Case study 4 -Inspertion of terms like Manufacture
reporting 10CCB- 403
Case study 5 - Form 15CB agreement for Nature of
Remmitance & rate of TDS - 406

Clause- 34(a) (TDS) - 4/411,

Caluse - 21(d) SECTION 40A(3) (>10,000)- 5/406
3 356-340 Caluse 33 - Secrionwise deductions- 6/162

Clauses - of tax Audit

Page 12 of 16
 Chapter –35-Transfer Pricing Question Bank-2
S no. Topics Pg.NO Q.No/P.G No
1 Sec 92 - income from Internatinal / specified domestic Transaction 341 Sec 92 & CUP method - 4/417
Sec 92A- 1/415, 2/416., 3/416,
Section 92A, 92C & CUP method - 5/417
Sec 92A, 92C(4) & CUP method - 7/419
Sec 92B - Meaning of International Transaction Sec 92A, 92C(4) & CUP method - 8/420
2 341
Sec 92A Meaning of Associate Enterprises Sec 92B & 92CC - 16/428
Sec 92CE, 92B, 92C(4) & Penalities- 21/433
Sec 92A & 92C- 26/438
Sec 92 & CUP method - 4/417
Section 92A, 92C & CUP method - 5/417
Sec 92C - Computation of Arms Length Price
Sec 92C & CUP Metod- 6/418
- Comparable Uncontrol Price method Sec 92A, 92C(4) & CUP method - 7/419
- Resale price method CUP & NJA- 27/419
3 343-345
- cost plus method Sec 92A, 92C(4) & CUP method - 8/420
- profit split method Resale method- 9/421, 10/422
Cost Plus method - 11/423, 12/424,
Transaction Net Margin Method TNMM- 13/425,
Sec 92A & 92C- 26/438
4 Sec 92C (2) More Than 1 ALP Diff 3% (1% INCASE whole sale ) 345
Sec 92A, 92C(4) & CUP method - 8/420
Sec 92C(4) & MAT- 14/597
Sec 92C(4) - 15/597
5 345
Sec 92CA, 92CC, 92C(4) - 17/429
Sec 92CE, 92B, 92C(4) & Penalities- 21/433
Sec 92C(4) - Effect of ALP Determined by A.O
6 Sec 92CA - Reference to Transfer pricing officer (TPO) 348 Sec 92CA, 92CC, 92C(4) - 17/429
Sec 92B & 92CC - 16/428
Sec 92CA, 92CC, 92C(4) - 17/429
7 Sec 92CB - Safe Harbour Rules 349
Sec 92CC- 18/430
Sec 92CC - Advance Pricing Agreement (APA) APA- 28/440
Conditions for Rollback provision
8 350
Non Applicability of Rollbak & CBDT Circulars like cannot be selective
9 Sec 92CD - Effeccts of APA 345
Compliance Procedure under APA
10 351
Value of International Transaction (Slab wise)
Primary & Secondary Adjustment Sec 92CE - Secondar Adjustment - 19/431, 20/432
Cases Secondary adjustment has to be Made Sec 92CE, 92B, 92C(4) & Penalities- 21/433
11 351
Excess money Treatment
Time limit for repatriation & interest
12 Sec 92CE(2A) - Additional Income Tax instead of secondary Adjustment 353
Sec 92D - Maintainance of Information & Documents
13 Sec 92E - Audit report of CA 354
Penalities Section 271 Series
Sec 92B- Specified Domestic Transaction
14 355
Country by country report - Reporting Requirement of MNES
Sec 286 - Furnishing of Report (Cbc) in respect of International Group
15 355
(CFS Revenue >6400 Crores)
Sec 92CE, 92B, 92C(4) & Penalities- 21/433
Penality for not furnishing Under Section 286- Sec 92B & Penality - 22/433
16 356-357
Sec 271GB(1)/(2)
17 Sec 271GB )4) - Penality for Inacurate information in CBC Report 356
94A-NJA - 23/434
18 Sec 94A- Special Provision for Transactions with NJA( Non Judicial Area) 358
Sec 92A & 92C- 26/438
94B- Thin capitalisation - 24/435, 25/436
19 358
Sec 94B - Limitation on Interest Deduction in Certain Cases

Chapter –36-Non Resident

S no. Topics Pg.NO Q.No/P.G No
Residential Status - 1/442,, 2/443, 3/443
Sec 6 Residential Status
Resi Status & Scope of Total Income- 4/444, 5/445
RNOR/ NOR , Indian Origin Company Status - POEM - 6/446, 8/448, 9/450,
1 360-364
Deemed Resident 10/451, 11/453
Residential Status of All AOP,Boi, Copanies, firms etc..,
Sec 115JH- Transition Mechanisam for Foregin company
2 Determination of WDV 365
Brought forward of Loss or unabsorbed depreciation

Page 13 of 16
 Resi Status & Scope of Total Income- 4/444, 5/445
Sec 5 - Scope of Total Income
Scope of Total Income - 12/455, 13/457, 14/458
Sec 7 - Income Deemed to be Received in India (>12% TO Fund ) Sec 9- Royalty FTS & Interest - 15/459, 16/460,
Sec 9 - Income deemed to accrue or arise in India (Business Connection, Significant economic 17/460, 18/461, 19/462, 20/463, 21/463, 22/464,
3 367-376
pressence, Agent, Income from Property,capital GAIN, Indiect Transfer, Salry, Deemed 29/470, 30/471, 31/473,
Residential & Total Income - 32/474,
accrual gift, Royalty , fees for technical services )
List Which is not Treated as Business connection In india
4 Sec 9A- Presence of Eligible fund Manager is not a Business connection 375
EXEMPTION LIST FOR NON RESIDENT
Like NRE Account , Interest Payables
5 377
Investment division of offshore BANKING UNIT
( Lease rental cruise ship,Royalty , Interest etc..)
Meaning of Specified person
Sec 10(23FE) - Exemption of income of specified person from Investment India
6 Income (Dividend, Interest, any sum U/s-56(2)(xii) or LTCG 379
Eligible Investments
Soveregin Wealth Fund
Sec 10(23F) - Exemption of Capital Gain
7 381
Exemption for Relocation to IFSC
Taxation of NRI TAXATION of NRI - 23/464, 24/465, 25/466, 26/467,
Sec 115C- Meaning of certain Terms
8 Sec115D - Method of Computation 383
Sec115E - Tax Rates
Sec 115F- Exemption on LTCG forex Asset
Sec 115G - exemption of filling return Special Rate - 27/468, 28/469, 33/475, 34/476
9 385
Special Tax Rates Sec 115A- Interest , roylty, fee for professional/technicsl
Sec 115AB- Income & LTCG on Overseas financial Organisation on Units of UTI/MF
10 385-386
Sec 115AC- LTCG & Interest Dividend From Bonds & GDR
Sec 115ACA - Tax on Income / CG from GDR purchased in foregin currency
11 386
SEC 115AD - Capital Gain & Interest/Dividend on security FII/ specified Fund

12 Taxability of Specified fund (AIF-III in IFSC DIVISIONOBU in IFSC 387

Rule 21AI- Calculation of Proportionate shares of NR for the Purpose of Sec 10(4D) & Sec 115AD
U/s- 115BBA- 35/477, 36/479, 37/480, 38/480,
13 Sec 115BBA - Income of NR sports [person , sports association & enterprise 387
39/481
14 Note for All Above Section 115A to 115BBA 388
15 Furnishing of InformationU/s-285A & Penality for its Failure U/s-271GA 389
Sec 115JG- Conversion of Indian Branch of Foregin company into subsiadary of Indian
16 389
Company

17 389
Provisions regarding carry forward -Losses, unabsorbed depreciation, MAT Credit etc..
18 Goddady.Com LLC 390

Chapter –37-Double Taxation Avoidance Agreement

S no. Topics Pg.NO Q.No/P.G No
Sec 90- 1/482, 2/482, 3/483, 4/484
1
Types of DTAA (Unilateral & Bilateral) 391 Sec 90& 115A- 5/484
Sec 90- Agreement with Foregin Countries (DTAA) Mix of All - 19/505
Sec 91 - 7/486, 8/487, 9/490, 10/490, 11/492,
Sec 91 -Double Taxation Relief if there is no DTAA 12/494, 13/496, 14/497, 15/499, 16/500, 17/502,
2 391
18/504, 20/507, 21/508
Amount of Relief
Concept of Permanent Establishment (PE) PE- 6/485
3 392-393
Taxation of Business process Outsource(BPO)

Chapter –38-Advance Ruiling

S no. Topics Pg.NO Q.No/P.G No
Sec 245A- Application to BOAR & Advance Ruiling Sec 245A- 1/511, 2/511
1 395 Power of BOAR - 5/513,
SEC 245Q- Application to BOAR & fees
Sec 245R- Procedure 245T- 3/512
Sec 245T - Advance Ruiling avoided in certain Cases Rejection of Approval - 4/512
2 396 Appeals againts BOAR - 6/513
Board of Advance Ruiling 7/513
Appeal to High Court

Page 14 of 16
 3 E- Advance Ruiling Scheme 397
Submission, Questions contained in application , Rectification of Mistakes & Diff in Opinion

Chapter –39- Model Tax Conventions Question Bank-2

S no. Topics Pg.NO Q.No/P.G No
1 OECD Model, UN model, US Model 398 UN vs OECD - 1/520
Article - 1 - Persons Coverred - Fiscally Transparent Entity Tie Breaker Article -4 - 2/520
2 Article - 2 - Taxes Covered 398
Article - 3- Residence
3 Article - 5 - Permanent Enterprises (PE) 399 Article 5 - 3/521, 6/522

4 Article - 7 - Business Profits 400

Article - 11- Interest Article 12 - 4/521
Article -12- Royalities Technical sevices & Interest - 7/523
5 401
Article - 12A- Fees for technical service
Article - 13 - Capital Gains Article 14 professsional service UN Model - 5/522
6 Article - 14 - Independence Personal Service 402
Article - 21 - Other income
Article 23A & 23B - Elimination Double Taxation
7 403
Article - 25- Mutual Agreement Procedure

Chapter –40- Application & Interpretation of Tax Treaties Question Bank-2

S no. Topics Pg.NO Q.No/P.G No
Double Taxation & Connecting Factors which lead to Doublle Taxation Double Taxation- 1/514, 7/516, 8/516
1 405
Jurisdictional Double Taxation
2 Types of DTAA 405 9/518

3 Directives Principales set out by Article 51 of indian constitution 406

Tax Treaty - 2/514
4 407 Extrinsic Aids - 4/515
Extricsic Aids to Interpretation of a Tax Treaty Protocol & Preamble tax treaty - 5/516
5 Diff Between Ambulatory & Static Approch 409 Vienna convention - 3/515

6 principles under Vienna convention of Law treaties 409

7 410
Article 60 - Termination or Suspension of the Operation of a Treaty as a consequence
8 Article 62 - Fundamentals changes of Circumstances 411 Interpretation - 6/516,10/517

Chapter –41- Base Erosion & Profit Shifting (BEPS)

S no. Topics Pg.NO Q.No/P.G No
1 Adverse Efects of BEPS 412 Adverse Effect BEPS- 1/524
Action Plan - 1 - Addressing the Challenges of Digital Economy Action 1 - 2/524, 7/527
2 Tax Issues of E-Commerce 413
OECD Recommendations
3 Action Plan - 2- Netrualise the Effect of Hybrid MisMatch Arrangements 413 AP 2 - 4/525, 5/525

4 Recommended General Amendments 414

Action- 3- Strengthen Controlled foregin company (CFC) Rules AP 4 - 6/526
5 414
Action -4- Interest Deductions & Other Financials Payments (Thin Capitalisation)
Action Plan - 5- Counter Harmful tax Practices AP 5 - 8/527
Action Plan- 6- Preventing Treaty Abuse
6 416
Action Plan- 7- Prevent the Artificial avoidance of Permanent Establishment(PE)
Action Plan - 8-10- Transfer pricing outcomes
7 Action Plan - 11- Measuring & Monitoring BEPS 417
Action 13- Re- examine Transfer pricing Documents Action 13- 3/525
8 418
(Master,local, country by country report)
Action Plan-14 - ,Making Dispute Resolution More Effective Globe Rule - 9/528
9 419
Minimum standard to ensure effective implimantation od MAP
10 Structure of MLT 420
11 Key Orgens of MLT 420

Chapter –42- Latest deveopments in International Taxation

S no. Topics Pg.NO Q.No/P.G No
1 Introduction to two two pillar (BEPS 2.0) 422
2 Pillar one profit allocation….NEXUS TRUST, Revenue sourcing Ruls 422
3 Pillar Two - Global Minimam Tax ….Suubject to Tax Rules 423

Page 15 of 16
 4 Pillar two consists of the folowing rules (Together with Globe Rules) 424
OtherImportanat tax Rules…Effective Tax Rate, Jurisdictional Blending, substance based
5 425
Income Exclusion,Topup Tax , Deminus Exclusion

Chapter –43- Foregin Tax Credit Rule

S no. Topics Pg.NO Q.No/P.G No
What is Foregin tax Credit (FTC) consl question - 1/529
1 Which is Credit Available 427
Againts which Liability Credit can be Claimed
Computation of FTC Available
2 427
Documents required to Claim FTC
3 FTC claimed Tax Payable under Minimum Alternate Tax(AMT)/MAT 428
4 Time limit to submit Claim FTC 428
5 Duraiswammy Kumarswamy 428

Chapter –44- Conversion of Foregin Income into Indian Currency

S no. Topics Pg.NO Q.No/P.G No

1 429
Rule -115 - RATE for conersion into rupees TTBR specified Date for Heads of income
2 Rule 26 - Rate of Exchange for the TDS sounce on income in Foregin currency 429

Chapter –45- Remaining Case Laws & Concepts

S no. Topics Pg.NO Q.No/P.G No

Honda siel car India Ltd - Techinical fees for setting up JV company is CAPEX
1 Saurastra Cement Ltd - Compensation for Fertilizers is not PGBP its CAPEX in Assesse 430
Venkatesh Premises cooperative society - Fees Acollected from members exempted
Madras Gymkhana club- Interest from surplus fund invest as fixed deposit exempt
Secundrabad Clud- Club Investment in Banks deposits - taxed as other income
Trans Asian Shipping Services - Tonnage Tax Scheme
2 431
KBD Sugars & Distilizers Ltd - Setoff & B/F of losses 72A(4)
3 Sec 170A - Effect of Order of Tribunal or court in respect of Business organisation 431
Sec 89A - Relief from Taxation Income from retirement benefits a/c maintained in the notified
4 432
country
5 Exclusion of Persons from Total Income 432
6 Consequences of Specified person becomes NR 433
Case Law Questions I Question Bank
1 US technologies vs CIT (Penality & Interest on late TDS Deposit) 14/542

2 CIT vs Tony eletroniscs (consideration time limit U/s-154(7) -apply from original assemt) 13/541
Wipro Finance Ltd vs CIT (loss in foregin flutuation repayment of loan taken financial 12/540
3
procurement of capital equipment lease or hire purchase by its customers)
4 Rectification 154 - 11/539

5 CIT vs Laxman Das Khandelwal(Ommission to issue notice U/s- 143(2) ) 10/539

6 CIT vs AA Estate Pvt Ltd (Substantial question of Law ) 9/538

7 SAP Labs india Pvt Ltd vs ITO (ALP by the Tribunal is Final Fact ) 8/537
7/536
8 Singapur Airlines Ltd/ KLM Royal Dutch Airlines vs CIT/British Airways Plc vs CIT(TDS)
(194H attract Both supplementary commision)
9 CIT vs Mahalakshmi sugar Mills co Ltd(A.O bound to Allow B/F losses not filled in return) 6/535

5/535
10
Hemanth kumar sidhi & another vs CIT (Adjustment of TAX Liability sale of seized gold bars)
4/534
11
DCIT vs Pepsi (vacated upon expiry of Extended period stay 365 , delay in disposing appeal)
Pioneer corporation USA india branch vs CIT international (Pendency of dispute resolution 3/534
12
under MAPvalid ground for waiver of interest
Rreliance Tele before supreme counrt (U/s 254(2) Tribunal to recall an order & Rehear the entire 2/533
13
appeal)
ACIT vs AT- Dev Prabha JV and others ( TDS Deducted SUO MOTO after time limit but before 1/532
14
notice -assess shows resonable cause of delay)

Page 16 of 16